Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billi
Belgian tanker shipping major Euronav believes that Frontline’s unilateral termination of the proposed $4.2 billion combination agreement announced on Monday was unfounded, the company said in an update. “Euronav has determined that Frontline’s unilateral action in pursuing the termination of the co
The Scottish government has released a draft energy strategy, which aims to shape the country’s next 25 years of energy production.
SEA-KIT has put into operation its new production facility for the XL-Class uncrewed surface vessel (USV), which tripled the company’s production capacity and expanded its R&D area. SEA-KIT opened the new building, built alongside its existing base in Tollesbury, Essex, UK, on 1 October 2022. Accord
Norway’s government has received applications from six companies for acreage on the NCS to be allocated for the injection and storage of CO2.
Italian energy player Snam has finalized the acquisition of a 49.9 per cent stake held by compatriot oil and gas firm Eni in the companies operating two groups of international gas pipelines between Algeria and Italy. The scope of the transaction includes the onshore gas pipelines running from the A
Oil and gas giant Shell has signed multiple partnership agreements with Oman’s Ministry of Energy and Minerals, Oman LNG and OQ, former Oman Oil Company, in fields of liquefied natural gas (LNG) and hydrogen. On 10 January, Oman LNG revealed it had signed a term sheet with Shell International Tradin
Orcadian Energy has entered into a non-binding heads of agreement with Rapid Oil to dispose of its interests in two North Sea discoveries.
Trillion Energy is planning to add three sidetrack wells to the development program for the SASB gas field, increasing the total number of wells at the Black Sea project from 17 to 20. Trillion Energy said it had identified several additional opportunities to increase production at the SASB gas fiel
Startup climate-tech company Seabound has teamed up with Crestchic Loadbanks, a specialist in the provision of load bank testing equipment, to test Seabound’s carbon capture prototype. London-based Seabound has developed a unique carbon capture device that traps and stores CO2 from fuel exhaust with
TechnipFMC has secured an engineering, procurement, construction, and installation (EPCI) contract with oil and gas company Wintershall Dea Norge for a gas field located offshore Norway. The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, wh
EU Innovation Fund will provide a €4.5 million grant for four Belgian companies, Prefer, a manufacturer of construction materials, Fluxys Belgium, an infrastructure operator, Lhoist, a lime producer and supplier of CO2, and Orbix, a holder of the technology and ad-hoc raw materials, for their joint
Shell has made a gas discovery in an exploration well in the North Sea, which was spudded using a Noble-owned rig.
Norway has offered production licenses to 25 companies for further exploration activity on the Norwegian continental shelf (NCS).
